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RegisterOld Black Swan
Old Black Swan
19, Market Place, Bedale, DL8 1ED Pub Code: 0060347101
Pub Code: 0060347101
Investment TenancyEst Min Ingoing Costs: £39,037
Annual Rent: £33,233
The Area
The Old Black Swan is located in the beautiful Yorkshire Dales village of Bedale. The area benefits from a large and increasing number of tourists staying in and near the village and visiting for the day, alongside a prosperous local population. It sits close to the home of Theakstons beer in Masham and in the middle of a high-footfall, tourist-friendly high street. The pub is also a local transport hub for buses and is close to a railway line, with walkers and cyclists passing regularly.
There are 2,320 adults within a 10-minute walk and 5,098 within 20 minutes. The pub faces competition from four others within a five-minute walk, including the Green Dragon.
The Offer
The Old Black Swan is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re investing in a full refurbishment of the ground floor, redeveloping the kitchen, upgrading the toilets and refreshing the look and feel throughout. Outside, the pub will benefit from new signage, a bold colour scheme and a tidy-up of external areas to increase kerb appeal.
This will create a traditional village pub with a quality food offer. The drinks range will feature the HUK portfolio, food will focus on pub favourites, and a coffee pod offer will be available. Entertainment will be kept low-level, in keeping with the pub’s traditional country feel.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Old Black Swan will have extensive experience, particularly the ability to recruit and retain strong food teams, and deliver a high-quality visitor experience.
Trading Area & Facilities
Trading area
The Old Black Swan will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Post refurbishment, the pub will benefit from:
- Main trading area with bar
- Function room
- 66 internal covers
- 24 external covers
- Catering kitchen
- SmartDispense
- Car park with 5 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, and bathroom.
Estimated Total Ingoing Costs
£39,037
Estimated Minimum Ingoing Costs
£39,037
Annual Rent
£33,233
Estimated Annual Turnover
£546,542
Deposit
£8,308
Estimated Fixtures & Fittings Value
£22,229
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
19, Market Place, Bedale, DL8 1ED
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
